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Gulfstream completed the Gulfstream V Integration Test Facility and rolled out the GV – the first ultra-long range business jet – in 1995, which first flew in November 1995.

In 1997, Gulfstream began the simultaneous manufacture of two different aircraft models – the GIV-SP and the GV. Within a few months of the GV’s first delivery in June 1997, it set nearly 40 city-pair and/or speed and distance records, and its industry team was awarded the 1997 Robert J. Collier Trophy, the highest honor in aeronautics or astronautics in North America.

New Gulfstream V global business jet; also forms the platform for an ASTOR contender under Lockheed Martin leadership.

In 2001 the USAF leased five Gulfstream Vs as C-37As.

Mid-2001 the GV-SP advanced long-range business jet made its first flight. The prototype went to 41,000 ft and flew near to M0.8.